「動 議： 承董事會命 古茗控股有限公司 董事會主席 王雲安先生 香 港，2025年11月14日 香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 通 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 Guming Holdings Limited 古茗控股有限公司 （於 司） 開 曼 群 島 註 冊 成 立 的 有 限 公 （股份代號：01364） 股東特別大會通告 茲通告 古茗控股有限公司（「本公司」）謹訂於2025年12月4日（星 期 四）下 午2時 正 於中國浙江省杭州市蕭山區博學路618號科創中心A座5樓 舉 行 股 東 特 別 大 會， 以考慮及酌情通過以下決議案（不 論 有 否 作 出 修 訂）為 本 公 司 的 普 通 決 議 案： – 1 – (a) 批准向本公司股東宣派及派付特別股息每股普通股（本 公 司 股 本 中 每 股 面 值0.00001美 元）0.93港 元（「特別股息」）；及 (b) 授權本公司任何董事（「董 事」）在 ...

為 古 茗 控 股 有 限 公 司（「本公司」）已 發 行 股 本 中 的 股 份 的 登 記 持 有 人，茲 委 任 大 會 主 席 （附註3） 或 Guming Holdings Limited 古茗控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：01364） | 本代表委任表格相關股份 | | --- | | （附註1） 數 目 | 將 於2025年12月4日（星 期 四）舉 行 的 股東特別大會的代表委任表格 本人╱吾等 （附註2） 地址為 地址為 為本人╱吾等的受委代表，代表本人╱吾等出席本公司謹訂於2025年12月4日（星 期 四）下 午2時正於中國浙江省杭 州市蕭山區博學路618號科創中心A座5樓舉行的本公司股東特別大會（「股東特別大會」）（及其任何續會）並代表本人╱ 吾等按以下指示行事及投票。 請 在 適 當 空 欄 內 標 示（「✔」）號，以 表 示 投 票 意 願 （附註4） 。 | | | 普通決議案 | 贊 成 | 反 對 | | --- | --- | --- | --- | --- | | 1. | 「動議： | | | | | | (a) | 批 准 向 本 公 司 ...

EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 古茗控股有限公司 | | 股份代號 | 01364 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 建議宣派及派付特別股息及暫停辦理股份過戶登記 | | | 公告日期 | 2025年11月14日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 其他 | | 特別股息 | | | 股息性質 | 特別股息 | | 財政年末 | 不適用 | | 宣派股息的報告期末 | 不適用 | | 宣派股息 | 每 股 0.93 HKD | | 股東批准日期 | 2025年12月4日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.93 HKD | | 匯率 | 1 HKD : 1 ...

此乃要件 請即處理 閣下如 對本通函任何方面或應採取的行動 有任何疑問，應諮詢股票經紀或其他註冊證券 交易商、銀行經理、律師、專業會計師或其他專業顧問。 古茗控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：01364） 建議宣派及派付特別股息 及 股東特別大會通告 古茗控股有限公司謹訂於2025年12月4日（星 期 四）下 午2時正於中國浙江省杭州市蕭山區 博學路618號科創中心A座5樓舉行股東特別大會，會議通告載於本通函。 無 論 閣 下 能 否 出 席 股 東 特 別 大 會，務 請 依 照 隨 附 適 用 於 股 東 特 別 大 會 的 代 表 委 任 表 格 上 印 列 的 指 示 填 妥 及 簽 署 表 格，並 儘 快 及 無 論 如 何 不 遲 於 股 東 特 別 大 會 或 其 續 會（視 情 況 而 定）指 定 舉 行 時 間48小 時 前（即 不 遲 於2025 年12 月2 日（星 期 二）下 午2 時 正（香 港 時 間））交 回 本 公 司 香 港 股 份 過 戶 登 記 分 處 卓 佳 證 券 登 記 有 限 公 司，地 址 為 香 港 夏 愨 道16號遠東金 融中心17 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 Guming Holdings Limited 古茗控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股份代號：01364） 建議宣派及派付特別股息 及 暫停辦理股份過戶登記 茲提述(i)古茗控股有限公司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）日期為 2025年2月4日的招股章程中有關（其 中 包 括）本公司擬宣派及派付特別股息的披 露，及(ii)本公司日期為2025年11月4日 的 公 告，內 容 有 關 本 公 司 於2025年11月14 日舉行的董事會（「董事會」）會 議 日 期，其 中 議 程 包 括 考 慮 及 批 准 宣 派 及 派 付 特 別 股 息。 建議宣派及派付特別股息 誠如本公司日期為2025年2月4日 的 招 股 章 程 所 披 露，本 公 司 擬 於2025年12月 前 根據本 ...

Group 1: Macau Gaming Industry - The gaming revenue in Macau for 2025 is expected to exceed expectations, with high-end consumption showing resilience due to supply constraints. Monthly gaming revenue from April to July consistently surpassed expectations, with October's gross gaming revenue reaching 24.1 billion MOP, a year-on-year increase of 16% [4][12] - Visitor numbers in Macau are projected to approach 2019 levels, with total inbound visitors from January to September 2025 reaching 29.67 million, a year-on-year increase of 14%, recovering to 98% of 2019 levels [12][13] - The gaming sector is experiencing upward momentum, with the gross gaming revenue recovering to 88% of 2019 levels in Q3 2025, driven by a 13% year-on-year increase [7][9] - The valuation of gaming companies is currently at low levels, presenting potential investment opportunities [15][18] Group 2: Online Travel Industry - The online travel industry is experiencing stable growth, with domestic residents' travel numbers increasing by 18% year-on-year in the first nine months of 2025, and travel spending rising by 12% [30][31] - The competitive landscape in the online travel sector remains stable, with high entry barriers due to supply chain and customer service advantages [32][33] - Tongcheng Travel is expected to see gradual improvement in profit margins, with a 14% year-on-year increase in core OTA business revenue in Q2 2025 [41][42] Group 3: Restaurant Industry - The restaurant sector is currently in a recovery phase, with the growth rate of social retail dining revenue lagging behind overall social retail growth [50][51] - The chain rate in China's restaurant services is steadily increasing, projected to rise from 15% in 2020 to 24% in 2025, although it remains below the global average of 35% [53][54] - Companies like Mixue and Gu Ming are experiencing high growth rates due to rapid store expansion and effective marketing strategies [59][60]

Core Viewpoint - The report from Huachuang Securities indicates that Guming (01364) is a leading player in the domestic mid-range tea beverage market, with potential for stable performance growth driven by new product categories, store expansion, and cost reduction in raw materials [1] Group 1: Company Performance and Projections - The company is expected to achieve revenue of 111.59 billion, 134.19 billion, and 158.18 billion yuan for the years 2025-2027, with year-on-year growth rates of 26.9%, 20.3%, and 17.9% respectively [1] - The projected net profit attributable to shareholders is 24.87 billion, 26.25 billion, and 31.55 billion yuan for the same period, with year-on-year growth rates of 68.2%, 5.5%, and 20.2% respectively [1] - The target price for the stock is set at 27.84 HKD, with a "recommended" rating reflecting confidence in its growth potential as a leader in the fresh tea beverage industry [1] Group 2: Market Position and Strategy - As of the end of 2023, the company ranks second in the national ready-to-drink tea market and first in the mid-range segment, having expanded to 11,179 stores through franchising [2] - The company offers a diverse range of fresh tea products priced between 10-18 yuan, successfully penetrating lower-tier markets with a strategy of "fresh and accessible" offerings [2] - Key competitive advantages include a robust supply chain that supports rapid store expansion and a strong cold chain logistics system, enabling the company to deliver fresh fruits and milk to stores within two days [2] Group 3: Industry Trends and Insights - The ready-to-drink beverage industry is characterized by price differentiation, operational efficiency, and the integration of tea and coffee products [3] - The market size for ready-to-drink tea is projected to exceed 600 billion yuan by 2035, driven by expanding consumer demographics and increasing frequency of consumption [3] - The competitive landscape is shifting, with weaker brands exiting the market, creating structural expansion opportunities for leading brands like Guming [3] Group 4: Growth Drivers - The coffee business is expected to become a new growth engine, with over 8,000 stores covered by mid-2025 and significant potential in lower-tier cities [4] - Store expansion is anticipated to continue, with many domestic provinces and overseas markets still underdeveloped, allowing for replicable success based on supply chain advantages [4] - There is considerable room for cost reduction in key agricultural raw materials, which will enhance profit margins as scale effects and supply chain efficiencies improve [4]

Core Viewpoint - The report from Huachuang Securities indicates that Guming (01364) is a leading player in the domestic mid-range tea beverage market, with potential for stable growth driven by new product categories, store expansion, and cost reduction in raw materials [1] Company Overview - Guming ranks second in the ready-to-drink tea market nationwide and first in the mid-range segment as of the end of 2023, with 11,179 stores opened through franchising by the first half of 2025 [2] - The company offers a diverse range of ready-to-drink tea products priced between 10-18 yuan, along with newly launched fresh coffee products, successfully penetrating lower-tier markets [2] Competitive Advantages - Guming employs a robust expansion strategy, opening stores in regions where supply chain coverage exists, achieving over 500 stores in nine provinces, with 41% of stores located in towns away from city centers [2] - The company has one of the strongest cold chain systems among leading tea brands, capable of delivering fresh fruits and milk to lower-tier city stores every two days, covering 97% of its stores [2] Industry Trends - The ready-to-drink beverage industry is characterized by price differentiation, operational efficiency, and the integration of tea and coffee [3] - The market size for ready-to-drink tea is projected to exceed 600 billion yuan by 2035, driven by consumer demand for healthier and fresher products [3] Growth Prospects - The coffee business is expected to become a new growth engine, with over 8,000 stores covered by June 30, 2025, and low penetration in lower-tier cities [4] - Store expansion opportunities exist both in existing markets and untapped domestic and overseas markets, leveraging supply chain advantages [4] - There is significant potential for cost reduction in key agricultural raw materials, which may enhance profit margins as scale effects deepen [4]

Group 1 - The Hong Kong stock market saw a rise in new consumption concepts on November 11, with notable increases in stocks such as Lao Pu Gold (06181.HK) and Blucora (00325.HK), both rising over 3% [1] - Other companies that experienced gains include Leap Motor (09863.HK), Xiaomi Group (01810.HK), Pop Mart (09992.HK), and Gu Ming (01364.HK) [1]

Investment Rating - The overall industry investment rating is positive, with expectations of returns exceeding the CSI 300 index by more than 5% in the next six months [19]. Core Views - The food and beverage sector is currently under pressure, with a 0.49% decline in the SW food and beverage index, ranking 26th among 31 sub-industries [11]. - The report highlights a potential recovery in consumer confidence and sales, particularly in the liquor sector, which may lead to valuation recovery [14]. - The October CPI has turned positive year-on-year, indicating a potential improvement in consumer spending and market conditions [5]. Summary by Sections Sub-industry Ratings - No ratings are provided for liquor, beverages, and food categories [3]. - Recommended companies include: - Guizhou Moutai: Increase holdings - Shanxi Fenjiu: Increase holdings - Guming: Buy - Mixue Group: Increase holdings - Ximai Food: Buy - Dongpeng Beverage: Buy [3]. Industry Performance - The SW food and beverage sector saw declines in beer, soft drinks, and other liquor categories, with the highest gains in pre-processed foods, meat products, and baked goods [11]. - Notable stock performances include: - Top gainers: Anji Food (+13.87%), Huifa Food (+13.07%), Babi Food (+11.32%) - Top losers: Bai Run Shares (-4.33%), Gujing Gongjiu (-5.43%), Jiao Da Ang Li (-5.54%) [11]. Liquor Sector Insights - The liquor sector is expected to see a bottoming out of its fundamentals, with a focus on sales recovery points [14]. - Guizhou Moutai announced a mid-term dividend plan of CNY 30 billion and a share buyback plan of CNY 1.5-3 billion [14]. - Current prices for Moutai products are CNY 1,660 for Feitian Moutai and CNY 810 for Wuliangye, showing slight declines [17]. Consumer Goods Sector Insights - The consumer goods sector is showing signs of marginal improvement, with notable stock performances from Anji Food, Huifa Food, and Babi Food [5]. - The CPI for October increased by 0.2% year-on-year, indicating a potential recovery in consumer spending [5]. - Recommended stocks for the medium to long term include Guming, Mixue Group, Ximai Food, and Dongpeng Beverage [5].